MicroStrategy proposes daily dividends for preferred shares

MicroStrategy, the world’s largest publicly traded Bitcoin holder, has announced plans to transition its preferred stock (STRC) to a daily dividend model starting in November. The proposal, which requires shareholder approval on October 28, aims to make the preferred shares more attractive by paying out dividends for each calendar day, with payments processed on the following business day. While the annual dividend rate remains at 12 percent, the shift from twice-monthly payments to a daily accrual model is intended to stabilize trading around the $100 reference value and allow investors faster reinvestment opportunities.

The company continues to aggressively expand its cryptocurrency holdings, recently acquiring an additional 250 Bitcoin for approximately $21.5 million, bringing its total holdings to 848,250 BTC. Additionally, Michael Saylor recently engaged in a multi-hundred-million-dollar buyback of the company’s STRC preferred shares.